Crucial Senior Living Insurance Insight Saves Big Money
Real-World Examples and Statistics
According to the American Association for Long-Term Care Insurance, nearly 8 million Americans have some form of long-term care insurance2. This widespread adoption underscores the importance of these policies in managing the financial burden of senior care.
In a practical example, consider a policyholder who invests in a long-term care insurance plan at age 55. By the time they require assisted living at age 75, they could save tens of thousands of dollars in out-of-pocket expenses due to the coverage provided by their policy.